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This paper highlights that the Washington Consensus helped fill the need for an economic policy framework following the discrediting of central planning and import-substitution trade strategies. Latin American governments championed the Consensus in the early 1990s, and the policy agenda delivered some of the things it was supposed to—healthier budgets, lower inflation, lower external debt ratios, and economic growth. But unemployment rose in many countries and poverty remained widespread, while the emphasis on market openness made states vulnerable to the side effects of globalization.
Finance & Development, September 2003 Related Books
This paper highlights that the Washington Consensus helped fill the need for an economic policy framework following the discrediting of central planning and imp
The study provides a major reassessment of the scale and scope of China’s resurgence over the past half century, employing quantitative measurement techniques
This paper describes why the international community needs to act now to stand a chance of meeting the Millennium Development Goals (MDGs). The paper gives exam
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